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E-marketing Class 4: Excellence José J. Cabrera y Charro Msc Office 2.94 (sporadically) jose.cabrera@hu.nl 06 5395 2422 http://nl.linkedin.com/in/josejaviercabreraycharro http://www.compassonlinemarketing.nl/blog
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LinkedIn group: IMM eMarketing n Did you register? n Activity n Finding inspiration n Continue!
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Remember traffic? Most important thing of all? Just for a while… No excellence, no glory…
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Online marketing: TCEI-model TRAFFIC CONVERSION EXCELLENCE INNOVATION
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Two things you need for long term success… Happy customers Happy shareholders
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Today: Excellence n How to achieve excellence? n How to get happy costumers? n How to get happy shareholders? n Trade-off n What does this mean for your projects n If we have time: presentation that got € 30.000 in 30 minutes
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How do you make a customer happy? What do customers (realy) want?
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Feestkleding 365: What’s really important? 1. Fast delivery 2. What if size not right? 3. Lowest price 4. Large variety
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How do find out? n ASK n Imagine & analyse n Talk to people n Surveys, focus groups, etc n Quick internet surveys n READ n General studies & trends n Industry studies & trends n When live: MEASURE n What do stats/analytics tell you? n A/B Testing
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How do you give customers what they want?
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Customers wants Offering n 4P’s n Assortment, products/services n Prices, discounts, etc. n Design critical elements of the value chain n Logistics n Customer support n (Online) payment n Technology & hosting n Legal n Etc,
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Feestkleding 365: What’s really important? 1. Fast delivery 2. What if size not right? 3. Lowest price 4. Large variety 1. 15h, same day 2. New size, no postage 3. 100% warranty 4. Most products on the web
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Don’t forget to tell the investor: What your customers really want. How you will make them happy (your OFFERING) Happier than your competitor does.
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What do shareholders want? investors
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What investors do and what you should do to get their bucks… n Invest money n Tell them how much money you need n On what you will spend/invest it n Make profit n Tell them your sales price n Show break down of costs n Tell them how much you can/will sell n ROI= Profit / investment n Scale up/down n How can you scale up if succesfull? n How to recoup investment if it is not?
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How do you give shareholders what they want? investors
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Investors… LIKE n People who know what they are talking about n Clear facts, clear calculations, clear strategies n Low investments n Big ROIs n Entrepreneurs who take risk themselves n Scalable strategies n Clear exit strategy HATE n Bullshit n Difficult words and strategies (KISS) n Investment in intangible assets (like advertising) n Ideas that are easily copied, no clear advantage n Too much ‘me too’ n Too much ‘hasn’t been done before’ Investors are suckers for: ‘it’s like this or that big success, but a better/different in unique way’
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Don’t forget to tell the investor: How much you need? For what? How much you will make (profit x volume) Why it is going to work. What if it does? What if it doesn’t?
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Contact me José J. Cabrera y Charro jose.cabrera@hu.nl Office 2.94 (sporadically) 06 5395 2422 http://nl.linkedin.com/in/josejaviercabreraycharro http://www.compassonlinemarketing.nl/blog
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